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about hsbc hsbc singapore hsbc cookie policy we use cookies to give you the best experience on our website by continuing to browse the site you are agreeing to our use of cookies you can change your cookie settings at any time but if you do you may lose some functionality more information can be found in our use of cookies in our privacy and security enable cookies search hsbc in singapore news and media personal business hsbc in singapore hsbc in singapore our climate strategy in singapore our digital strategy in singapore news and media news and media search hsbc uk news and media personal business hsbc uk hsbc uk management team history timeline community postcode lending data inclusion and diversity working with fintechs regulated covered bond programme news and media news and media search hsbc in singapore news and media personal business hsbc in singapore hsbc in singapore our climate strategy in singapore our digital strategy in singapore news and media news and media skip to main content language selector personal business search menu hsbc in singapore hsbc in singapore our climate strategy in singapore our digital strategy in singapore news and media share share on x share on facebook share on linkedin hsbc in singapore hsbc group s history in singapore dates back to 1877 when its founding member the hongkong and shanghai banking corporation limited opened its first branch on the island hsbc in singapore offers a comprehensive range of banking and financial services including retail banking and wealth management commercial investment and private banking insurance forfaiting and trustee services securities and capital markets services one of the earliest banks to establish in singapore hsbc today is a prominent player in singapore s financial services sector serving the international banking needs of multinational corporations home grown businesses private banking clients institutional and retail customers hsbc singapore serves as the leading international bank for asean an international wealth and regional wholesale hub regional centre of excellence for sustainability while being a sandbox for digital innovation experiments for the group history timeline 1877 2024 establishment hsbc opened its first office in singapore in 1877 by this time the port of singapore was the largest trading hub between calcutta and hong kong prior to opening an hsbc office the bank had conducted business in singapore from 1865 through an agency shortly after it opened hsbc singapore became one of the first members of the local chamber of commerce early business hsbc singapore s early business consisted of the provision of loans to chinese merchants and the financing of the import export and entrepot trade where goods are imported and stored for re exporting early customers included maclaine fraser co straits insurance company and singapore insurance company in 1879 the branch tendered for the singapore government account by 1884 it was banking half of the government s accounts deposited in silver issuance of banknotes the singapore office had the right to issue banknotes from 1881 to 1909 the notes were trusted by local merchants as a stable and secure currency for transacting business and were significant in singapore s economic development as a reflection of the multicultural nature of singapore each denomination of banknote was translated into english chinese malay arabic tamil and gujarati first office having bought the site in 1890 the bank built its first singapore premises at collyer quay in 1892 under the supervision of architectural firm swan and maclaren the building was to serve the bank for the next 26 years and the site has been the location of hsbc s singapore headquarters ever since the rubber era hsbc singapore s main business in the early 20th century was the financing of rubber and tin singapore branch manager sir john peter who served from 1911 22 persuaded leading rubber merchants to open hsbc accounts by 1918 rubber constituted 35 per cent of singapore s total export trade hsbc led the way in financing rubber and was one of the first banks to provide finance to the lee rubber group now lee group post war period hsbc played an important part in the reconstruction and rehabilitation of singapore s economy after the second world war by 1948 it handled 35 per cent of singapore s foreign and trade exchange business expansion of branch network in the post war period the singapore branch network expanded to support singapore s industrial development as well as to satisfy the growing suburban population s need for increasingly sophisticated banking facilities the bank opened in orchard road in 1949 and tanglin beach road queenstown jurong bukit panjang and serangoon during the 1950s and 1960s acquisition of mercantile bank hsbc s earliest roots in singapore can be traced back to 1856 through the mercantile bank of india in 1959 hsbc acquired the mercantile bank when the deal was completed the mercantile bank was operating 35 branches with an especially strong presence in the indian sub continent as a result of this acquisition hsbc became one of the largest foreign financial institutions in east asia diversification of business in the 1960s and well into the 1970s the main business of the singapore branch was the finance of large scale imports and exports including rubber palm and pineapples the business also diversified into hire purchase leasing warehousing property development computer services and discount house activities innovation in banking services the 1970s also saw hsbc leading technological advances in singapore it unveiled the first computerised accounting system in 1971 and the city s first automatic cash dispenser a year later these competitive services provided customers with increasingly easy ways of carrying out transactions centenary on the 100th anniversary of hsbc in singapore in 1977 hsbc s chairman michael sandberg reflected on the reasons for the city state s success a combination of many factors has lifted singapore to its present position as a leader among nations in this region a stable government an astute business community a hard working and skilled labour force and a strong sense of national identity within the population the hongkong bank with more than a century of tradition and history appreciates these qualities today we continue to connect customers to opportunities in singapore we are a prominent international bank focused on sustainable and responsible finance in the past few years we have been awarded the president s award for volunteerism become the first bank to remove sales commission in premier banking opened a state of the art flagship branch on orchard the board of directors of hsbc bank singapore limited board of directors pdf 50kb financial and regulatory information disclosure of capital adequacy ratios car for hsbc bank singapore limited as of 30 september 2019 english pdf 277 19 kb as of 30 june 2019 english pdf 341 67 kb as of 31 march 2019 english pdf 212 21 kb as of 31 december 2018 english pdf 328 70 kb as of 30 september 2018 english pdf 253 53 kb as of 30 june 2018 english pdf 272 56 kb as of 31 march 2018 english pdf 336 11 kb as of 31 december 2017 english pdf 305 13 kb as of 30 september 2017 english pdf 232 33 kb as of 30 june 2017 english pdf 295 17 kb as of 31 march 2017 english pdf 231 29 kb as of 31 december 2016 english pdf 205 79 kb as of 30 september 2016 english pdf 202 42 kb as of 30 june 2016 english pdf 185 33 kb pillar 3 disclosure as of 30 september 2023 english pdf 163 22 kb as of 30 june 2023 english pdf 147 50 kb as of 31 march 2023 english pdf 162 45 kb as of 31 december 2022 english pdf 278 25 kb as of 30 september 2022 english pdf 176 55 kb as of 30 june 2022 english pdf 152 35 kb as of 31 march 2022 english pdf 175 12 kb as of 31 december 2021 english pdf 648 92 kb as of 30 september 2021 english pdf 94 63 kb as of 30 june 2021 english pdf 348 62 kb as of 31 march 2021 english pdf 165 53 kb as of 31 december 2020 english pdf 337 00 kb as of 30 september 2020 english pdf 177 09 kb as of 30 june 2020 english pdf 1 04 mb as of 31 march 2020 english pdf 1 29 mb as of 31 december 2019 english pdf 1 65 mb as of 31 december 2018 english pdf 1 95 mb as of 31 december 2017 english pdf 8 90 mb as of 31 december 2016 english pdf 643 37 kb liquidity coverage ratio disclosure third quarter 2019 english pdf 334 94 kb second quarter 2019 english pdf 334 75 kb first quarter 2019 english pdf 332 50 kb fourth quarter 2018 english pdf 316 47 kb third quarter 2018 english pdf 316 24 kb second quarter 2018 english pdf 315 75 kb first quarter 2018 english pdf 317 01 kb year 2017 english pdf 384 65 kb year 2016 english pdf 359 75 kb net stable funding ratio disclosure first half 2019 english pdf 358 32 kb second half 2018 english pdf 358 44 kb first half 2018 english pdf 359 90 kb financial statement hsbc bank singapore limited as of 31 december 2022 english pdf 81 33 kb as of 31 december 2022 chinese pdf 170 65 kb as of 31 december 2022 malay pdf 69 98 kb as of 31 december 2022 tamil pdf 110 50 kb as of 31 december 2021 english pdf 63 87 kb as of 31 december 2021 chinese pdf 617 64 kb as of 31 december 2021 malay pdf 67 63 kb as of 31 december 2021 tamil pdf 601 78 kb as of 31 december 2020 english pdf 1 05 mb as of 31 december 2020 chinese pdf 879 17 kb as of 31 december 2020 malay pdf 1 20 mb as of 31 december 2020 tamil pdf 2 78 mb the hongkong shanghai banking corporation limited incorporated in hong kong with limited liability as of 31 december 2022 english pdf 109 02 kb as of 31 december 2022 chinese pdf 235 30 kb as of 31 december 2022 malay pdf 107 33 kb as of 31 december 2022 tamil pdf 330 85 kb as of 31 december 2021 english pdf 90 05 kb as of 31 december 2021 chinese pdf 670 84 kb as of 31 december 2021 malay pdf 100 62 kb as of 31 december 2021 tamil pdf 220 07 kb as of 31 december 2020 english pdf 95 67 kb as of 31 december 2020 chinese pdf 2 84 mb as of 31 december 2020 malay pdf 4 00 mb as of 31 december 2020 tamil pdf 9 36 mb sdic list of insured products hsbc bank singapore limited list of insured deposits english pdf 297 68 kb the hongkong shanghai banking corporation limited singapore branch list of insured deposits english pdf 296 38 kb corporate governance report corporate governance report 2022 english pdf 151 95 kb corporate governance report 2021 english pdf 819 37 kb corporate governance report 2020 english pdf 1 08 mb corporate governance report 2019 english pdf 695 63 kb corporate governance report 2018 english pdf 248 18 kb corporate governance report 2017 english pdf 191 51 kb for details about hsbc s global operations and group board members go to our corporate website insight on hsbc com quantum computers chatgpt moment is coming 15 march 2024 the world is on the cusp of a quantum revolution and we must be ready for the opportunities and threats that will bring says philip intallura indecision is australia inc s biggest risk 6 march 2024 the government and businesses must work in tandem to avoid missing out on enticing opportunities in southeast asia says antony shaw humans machines an ethical ai future 12 february 2024 it s vital that when humans and machines work together artificial intelligence is used responsibly and ethically says ej achtner privacy and security terms of use hyperlink policy hsbc group 2024 you are leaving about hsbc com sg please be aware that the external site policies or those of another hsbc group website may differ from this website s terms and conditions and privacy policy the next website will open in a new browser window or tab note hsbc is not responsible for any content on third party sites nor does a link suggest endorsement of those sites and or their content i understand let s proceed cancel you are leaving about hsbc com sg please be aware that the external site policies will differ from our website terms and conditions and 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